Lisitng ID#PT103 - 14009
Albufeira, Faro
Asking Price:
€5,500,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
€250K - €500K
Cash Flow:
Available on request
This is a unique opportunity to purchase the Award Winning, Adega do Cantor (Winery of the Singer) along with the Quinta do Miradouro Vineyard and Estate.
The Quinta do Miradouro Estate is a dream which came to fruition when Adega do Cantor was formed over 12 years ago by partners Sir Cliff Richard with his old friends Nigel and Lesley Birch and their son Max.
The Winery is equipped to the highest standard for the production of premium quality wine produced from Syrah, Aragones, Alicante Bouschet and Viognier grapes grown on the 12 hectare estate of Quinta do Miradouro. The Vida Nova range of wines were named by Sir Cliff Richard himself, and grape production from his local vineyard and those of his Partners supply the Winery, Adega do Cantor.
The wines have won numerous national and international awards and today, with an annual production of some 125.000 bottles are well established in the national and European markets. The Cellar Door Visitor Centre attracts some 16-18.000 people per year from all over the world and there is enormous potential to increase revenue introducing a Restaurant/Cafe at the venue. The accommodation could be increased to further appeal to the holiday rental market, and with spectacular views, Quinta do Miradouro would make an excellent wedding venue. With a team of dedicated and experienced staff, the company can easily be run remotely for those who wish to add the business and estates to an existing portfolio located in a different country.
The old farmhouse has 4 spacious bedrooms and the adjoining cottage has 3 double bedrooms, the properties can accommodate a total of 14 people,and are presently used for holiday rentals, with much repeat business. However these could be used by residential owners, providing a home and income venture.
There are numerous commercial buildings including administration offices, Cellar Door, warehouses, wine tasting venues, staff studio apartment and laboratory.
The Winery, Quinta do Miradouro Estate, equipment, stock and goodwill are included in the business and real estate price (freehold) of Euros 5.500.000
An E-brochure with full details of the portfolio and business is available, please contact the owner who will forward this information direct.
Quinta do Sobreiro is a modern 5 bedroom villa with swimming pool and adjacent vineyards which the Winery with grapes. The Quinta is an excellent investment opportunity as there is a holiday rental contract in place with an income in excess of
Euros 30,000 per annum. This property is offered for sale separately at Euros 1.000.000
We are able to assist with those who wish to apply for a Golden Visa in Portugal, applicable for investors outside the EU who invest in excess of Euros 500,000.
More information available upon request, for further details please contact seller below.
Property information
Real Estate:
Real Property Included
Living Accommodation:
The larger of the two properties has four double bedrooms, three bathrooms, a large lounge / dining room, full central heating with log burning fire and a fully fitted kitchen with breakfast area. There are mature landscaped gardens, private pool and outdoor barbecue and entertaining area. The second property has three bedrooms, three bathrooms and an open-plan kitchen / lounge and dining area, all opening onto the terrace, garden and private pool area. The property also has full central heating and a log burning fire. There is a tennis court offering spectacular views over the vineyards and down to the coast. There is also a studio apartment on site presently used by inhouse security, and various offices and farm buildings
Central Algarve important tourist location
Size in square feet:
Approx 2,000 sq metres
Planning Consent:
Planning consent and all licenses in place
Business Operation
Expansion Potential:
Potential to increase trade, further exports to China; promote as wedding venue; create restaurant facilities.
Competition / Market:
The Algarve´s major award winning Winery
Reasons for selling:
Owners are in their 70's and feel it is time to pass on the dream.
Trading hours:
Monday to Friday - 10:00-13:00 14:00- 17:00
Employees: 7
Years established: 15 years
Other Information
Support & training: Excellent fully trained staff - The business can be managed by absentee owners if necessary.
